What later life home buyers should be thinking about
Buying a property that suits you in your 60s and 70s, that will continue to meet your needs in the years beyond, is a challenge that is being faced by more and more buyers as the baby boomers come of a certain age.
Bill Spreckley of Stacks Property Search says, “The baby boomer generation tend to be practiced and efficient buyers. They will probably have owned several properties in their lifetime, from first homes and flats, to family houses, and a good few in between. But buying an empty nest or retirement (or semi-retirement) property can be tricky – ironically because of the lack of essential criteria.
In their past, 'salt and pepper buyers' have had to factor in working lives, schooling lives, and space for family. But a property at this stage of life can generally be smaller and its location can be less restricted. Buyers are planning a life that probably has more leisure in it than ever before. Furthermore, it may well be a ‘last home’, which is a daunting proposition in itself. So where to start? Continue reading this article from Property Rerporter here
Posted on 11 June 2018